Launch of Competition Law Firm CLACIS in Cooperation with AstapovLawyers

May 2015

Kyiv, Moscow, Almaty, 18 May 2015 - CLACIS, a competition law advisory which focuses on matters concerning competition law and compliance in Ukraine, Russia and Kazakhstan announces its opening.

CLACIS is an independent law firm which works in cooperation with full service law firm AstapovLawyers in Ukraine, Russia and Kazakhstan, and plans further expansion in cooperation with law firms in other jurisdictions.

Kyiv, Moscow, Almaty, 18 May 2015 - CLACIS, a competition law advisory which focuses on matters concerning competition law and compliance in Ukraine, Russia and Kazakhstan announces its opening.

CLACIS is an independent law firm which works in cooperation with full service law firm AstapovLawyers in Ukraine, Russia and Kazakhstan, and plans further expansion in cooperation with law firms in other jurisdictions.

Founding partner of CLACIS, Antonina Yaholnyk, is a dedicated expert with almost 20 years of legal practice.

Antonina Yaholnyk indicates that CLACIS shall serve as â€śone-stop-shopâ€ť platform for all types of competition law and compliance matters in the region and shall offer to its clients excellent service, which is expected from the top tier law firms combined with the practical approach, personal dedication and price quality correlation of a boutique firm.

One of the biggest fear for a creditor in providing financing is a possible default with zero perspectives to recover damages. On the international arena until recently Ukraine has been known as a high-risk country that precludes foreign investment flows. However, the situation has changed substantially over the past few years.Â Â

AVELLUM
acted as the Ukrainian legal counsel to the joint lead managers, Citigroup
Global Markets Limited and Deutsche Bank AG, London Branch, with respect to
EUR600 million and USD335 million Eurobond offering of Naftogaz of Ukraine.

AVELLUM acted as the Ukrainian legal counsel to Cornerstone Partners, a co-owner of IT Kontrakt, a Polish IT Company, on the acquisition of CoreValue, a US-headquartered IT service provider with Ukrainian roots.

For many international companies, it is a common practice to allow the use of their trademarks (TM) to all group companies on a free of charge basis. Some parent companies do not even have a right to charge the royalty payments from their subsidiaries, as this contradicts the companyâ€™s policy. In the case of subsidiaries located in the territory of Ukraine, such a situation suits everyone, at first glance, because royalties do not have to be paid at all.Â

AVELLUM acted as the Ukrainian legal counsel to GROUPE ATLANTIC, a leading French HVAC company, on the acquisition of SST Groupâ€™s electric underfloor heating and water leakage control systems business.

In the first half of 2019 alone, renewable energy facilities with a capacity of more than 1.5 GW were connected to the Ukrainian grid, with about 96% of those being solar and wind energy facilities. In the whole of 2018, which has been a record-breaking year so far, numbers were almost half as high. The Ukrainian market also remains very attractive to foreign investors, not least because of the lucrative feed-in tariff rates, which are paid out regularly. Now, after the adoption of the so-called law on green auctions, significant changes can be expected.

AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on another milestone Eurobond deal. The issue by Ukraine of EUR1 billion notes with a 7-year tenor marks the first euro-denominated offering Ukraine has made in almost 15 years.

AVELLUM acted as the legal counsel to SM Invest
Construction B.V., a solar PV plants developer, on the sale of shares in the
holding company, which owns the underlying assets to develop a 148MW solar
power plant in Mykolaiv region. Scatec Solar, a leading and globally acting
solar energy producer, acted as the purchaser.

The main legal act regulating legal relations in the field of advertising is the Law of UkraineÂ On Advertising . The implementation of the Law in practice requires a detailed analysis and practical experience. The fulfillment of the requirements of the Law and other regulatory legal acts regulating advertising relations in Ukraine is a guarantee that government agencies in Ukraine, such as the Antimonopoly Committee of Ukraine, the State Inspection of Consumer Protection of Ukraine will not be able to start an advertiser's check.